Managing Partner, VRS (Valuation & Research Specialists)

VRS (Valuation & Research Specialists)

Managing Partner

Valuation & Research Specialists (VRS) is a boutique financial advisor with more than 17 years of experience in Corporate Valuation and Finance, and a diversified client base including some of the largest Companies in Greece.

Since 2002, VRS has completed more than 200 engagements in the areas of business valuation and financial analysis for more than 100 clients in a wide range of industries.

VRS has been honored to work with small and large private and publicly traded companies in Europe and overseas.

Boutique Financial Advisor

Equity Bottom-Up

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<h2>GOEASY LTD. (GSY.TO)</h2>
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<h3>Fundamentals</h3>
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<p>GOEASY is one of Canada’s leading non-prime consumer lenders targeting the $196 billion non-prime consumer lending market. Overall the company has been showing very strong track record in expanding revenues and profit.</p>
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<h3>Valuation Highlights</h3>
<p>The stock is trading below the stock market’s historic average P/E ratio of 15- 17x, whereas in terms of P/BV multiple the stock is quite expensive compared to the average industry ratio of 2.4x. This coupled with the company’s low credit rating could imply that GOEASY is not an undervalued stock.</p>
<h3>View</h3>
<p>The company’s business by its nature is risky. Short-term momentum should remain in favor for the company and the stock though, given the continued growth and strong profit margins observed in the first three quarters of 2021 along with the management’s positive guidance for years 2022–2023. The company looks fundamentally in quite strong position but underlying strength when it comes to its status as credit provider is not equally healthy. Its low credit rating is a major issue of concern and does not justify its valuation when the P/BV ratio is being considered. GOEASY is a combination of a growth stock and speculative stock.</p>
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GOEASY LTD. (GSY.TO)











Fundamentals




GOEASY is one of Canada’s leading non-prime consumer lenders targeting the $196 billion non-prime consumer lending market. Overall the company has been showing very strong track record in expanding revenues and profit.




Valuation Highlights
The stock is trading below the stock market’s historic average P/E ratio of 15- 17x, whereas in terms of P/BV multiple the stock is quite expensive compared to the average industry ratio of 2.4x. This coupled with the company’s low credit rating could imply that GOEASY is not an undervalued stock.
View
The company’s business by its nature is risky. Short-term momentum should remain in favor for the company and the stock though, given the continued growth and strong profit margins observed in the first three quarters of 2021 along with the management’s positive guidance for years 2022–2023. The company looks fundamentally in quite strong position but underlying strength when it comes to its status as credit provider is not equally healthy. Its low credit rating is a major issue of concern and does not justify its valuation when the P/BV ratio is being considered. GOEASY is a combination of a growth stock and speculative stock.





















Goeasy Ltd. (Gsy.to) - GOEASY Is One of Canada’s Leading Non-Prime Consumer Lenders Targeting the $196 Billion Non-Prime Consumer Lending Market.

Canada

goeasy Ltd. provides goods and financial services. The Company leases household furnishings, appliances and home electronic products as well as provides consumer loans.

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Goeasy (GSY CN)

Goeasy Ltd. (Gsy.to) - GOEASY Is One of Canada’s Leading Non-Prime Consumer Lenders Targeting the $196 Billion Non-Prime Consumer Lending Market.

GOEASY LTD. (GSY.TO) Fundamentals GOEASY is one of Canada’s leading non-prime consumer lenders targeting the $196 billion...

VRS (Valuation & Research Specialists)

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